Bullish Sign? - Bounced off 200 EMA, page-2257

Continuing to ‘tweaking the lace curtains’ for a better view into a neighbour’s backyard I thought I put up some more about Cimic/Leighton for posterity .
It’s from the story linked to above
https://www.smh.com.au/politics/fed...ghton-corruption-scandal-20180523-p4zgxn.html
....“Labor said it would move to debar corrupt companies from bidding for government work and ban the "facilitation payment" defence which allows Australian firms to pay small, tax-deductable bribes in return for routine benefits.
The Turnbull government in December introduced legislation aimed at toughening Australia’s anti-bribery regime by holding companies liable for failing to prevent kickbacks. It also promised a deferred prosecution agreement scheme, in which companies such as Leighton could avoid court if they conceded wrongdoing and improved governance.
The inability of regulators and police in Australia to act against alleged corporate misconduct and corruption has been highlighted by the banking sector royal commission and, in connection to Leighton, the global Unaoil corruption scandal.
Unaoil's bribery on behalf of dozens of global corporate giants, exposed by Fairfax Media in 2016, has led to criminal charges and huge fines in the UK and US.
In Australia, despite intensive investigations, the federal police has failed to lay any charges.

Here are more links https://www.smh.com.au/business/leighton-an-entrenched-culture-of-corruption-20160406-gnzstl.html
https://www.theage.com.au/interactive/2016/the-bribe-factory/day-2/leighton-feature.html

Cimic has been doing extremely well of late, price wise , although it’s not a particularly popular platform on Hot Copper.
Since the corruption scandal it is recently famous for succeeding in a hostile takeover of Australian i frastructure company Sedgeman in 2016https://www.smh.com.au/business/sed...56m-hostile-takeover-bid-20160212-gms851.html
And for unsuccessfully attempting to take Macmahon Holdings one year later
https://thewest.com.au/business/mining/cimic-launches-takeover-for-macmahon-ng-b88364735z